Briefing: No two career paths are the same

There are a great many people who have worked their way up the hospitality ladder to success, but there are also many who find their career path takes them into hospitality through less conventional routes. A recent survey shows that the number one reason professionals would seek a new job in 2017 is that they need a more challenging position. When seeking this challenge, people can find unexpected opportunities.

The week our experts discuss their career paths and how they got involved in hospitality:

According to Korn Ferry, challenge is the overwhelming driver of change with 76% of people stating this as the top reason to seek a new job. There are several other elements that can also influence a professional seeking new employment. The other factors stated in the study are; the professional’s efforts not being recognised in their current job (9%), the professional not liking their company (9%), or their boss (4%), and compensation being too low (5%).

Making career leaps to follow opportunity can involve changing industries or even countries. One very attractive element of the hospitality industry is that it offers great opportunities for travel and working abroad. HSBC’s Expat Explorer Survey found that 43% of millennials who have moved aboard were motivated by finding a new challenge, and 49% of expat millennials say they find their work more fulfilling in their host country than it was at home.

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Video clips produced by ybc.tv for the Hospitality Channel, including interview from industry conferences such as the IHIF conference as well as specific Hospitality Channel shoots.

Briefing: financing future hospitality developments

The world of finance has seen huge change in the past couple of years, impacting on the majority of sectors across the globe. Trends seen in hospitality are no different. A new market for investment is now apparent as we move into 2013.

Understanding which developments, innovations and renovations will get funding is important. What are the banks looking for? And what are the trends seen in the hospitality funding market? Questions answered in this briefing by:

  • Timothy Lloyd-Hughes, of Deutsche Bank on lending trends seen in Europe.
  • Clive Hillier, CEO of Vision Hospitality Asset Management, on debt still being the major stumbling block in deal making.
  • Nick van Marken, of Deloitte about where he sees investment coming from.
  • And Andrew Sangster, Editor of the Hotel Analyst, on what he perceives banks’ attitude to lending is.

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Video clips produced by ybc.hpgcms.wpengine.com for the Hospitality Channel, including interviews from industry conferences such as the most recent IHIF conference as well as specific Hospitality Channel shoots.

Briefing: deal making for hotel ownership

Europe’s financial predicament for the past couple of years seems to be correcting itself. But what does this mean for owners of hotels, and more importantly potential owners of hotels?

What are the components of a new development that will ensure financing? And what type of owner is emerging following the financial crisis of 2008? The hospitality industry always provides an opportunity to do a deal due to its global ubiquitous nature. Tourism isn’t a dying industry.

In this week’s briefing we hear from key experts on the changing nature of hotel owners and where the new opportunities lie. Including comment from:

  • Frank Croston, Owner at Hamilton Hotel Partners on the revolving door of ownership being seen.
  • Timothy Lloyd-Hughes of Deutsche Bank on which projects get the funding needed.
  • Clive Hillier, CEO of Vision Hospitality Asset Management, on where he believes the opportunities lie.
  • And Nick van Marken, of Deloitte on the need for cash in deal-making, now more than ever.
 


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Video clips produced by ybc.hpgcms.wpengine.com for the Hospitality Channel, including interviews from industry conferences such as the most recent IHIF conference as well as specific Hospitality Channel shoots.

Briefing: defining a good deal

Following on from last week’s briefing where we looked at the complexities surrounding hotel deals, this week we’re examining the importance of constructing successful deals. Learning from experience can often unlock the ideas and impetus needed.

This briefing includes comment from financiers and hoteliers alike on what they believe defines a good deal. Interviews this week include those with:

  • Timothy Lloyd-Hughes, of Deutsche Bank on which projects will get the debt and equity.
  • Simon Vincent, of Hilton Worldwide on what they look for in a deal.
  • Mark Wynne-Smith, Global CEO of Jones Lang LaSalle Hotels, on the confidence seen in the deal-making market.
  • And Kingsley Seeveratnam, of Westmont Hospitality Group on what he believes defines a good deal.
 


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Video clips produced by yBC.tv for the Hospitality Channel, including interviews from industry conferences such as the most recent IHIF conference as well as specific Hospitality Channel shoots.

Briefing: consolidation in the hotel industry

As the market for deals is still stuttering to start, hoteliers are looking for alternative avenues to do deals. Where there is over-supply and low room rates consolidation seems like the logical step. But what does this mean in real terms? and when will we see consolidation come to the market in a serious way?

In this briefing we hear from key industry experts about understanding where the future lies for hotel deal-making. Including comment from:

  • Nick van Marken, of Deloitte LLP on banks and hotels consolidating their positions.
  • Sir Nigel Knowles, co-Global CEO of DLA Piper, on factors delaying consolidation in the hospitality industry.
  • Andrew Sangster, Editor of Hotel Analyst, on after the economic dust has settled, what happens now?.
  • And Timothy Lloyd Hughes of Deutsche Bank on hoteliers adding value to current assets.
 


If you’ve been sent to this page but you’re not yet on the circulation list to receive these regular briefings and you would like to sign up, you can do so here. It’s free.

Video clips produced by yBC.tv for the Hospitality Channel, including interviews from industry conferences such as the most recent IHIF conference as well as specific Hospitality Channel shoots.

Briefing: opportunity in Africa

The African continent is vast and one where there is a wealth of opportunity. Risks associated with the continent means many approach investing in the area with trepidation. However, many believe we are seeing its final dawn.

Some countries don’t have a branded hotel located within it, others are resource heavy and with a growing middle class the chance to really make headway is apparent.

Experts this week include:

  • Gordon Drake, CFO of Kingdom Hotel Investments, on a resource-laden continent
  • Timothy Lloyd Hughes, of Deutsche Bank, on Africa being another arrow in the BRIC bow
  • Peter Norman, of Hyatt International, on the inevitable chance there is now with Africa
  • And Nick van Marken, Hospitality Leader of Deloitte, on how Africa’s fragmentation resulting in opportunities for many.
 


If you’ve been sent to this page but you’re not yet on the circulation list to receive these regular briefings and you would like to sign up, you can do so here. It’s free.

Video clips produced by yBC.tv for the Hospitality Channel, including interviews from industry conferences such as the most recent IHIF conference as well as specific Hospitality Channel shoots.

Briefing: new look investment market

With the remaining liquidity issues from the recession feeling like a little bit of a hangover, the market for investment has seen real change. Appreciating and understanding the new ways as to where hospitality will see investment is integral.

Who are the new investors? What does the market look like at the moment? How can you ensure investment into projects? These are just a few of the questions answered in this week’s briefing.

Experts include:

  • Timothy Lloyd-Hughes, of Deutsche Bank, on the new investment coming to the market
  • Mark Wynne-Smith, Global CEO of Jones Lang LaSalle Hotels, on the organisations in the middle of the financing gap.
  • Nick van Marken, Global Hospitality Leader of Deloitte LLP, on the new product that is coming to market.
  • And Kingsley Seevaratnam, of Westmont Hospitality Management, on the power of relationship lending against new investors.
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Video clips produced by yBC.tv for the Hospitality Channel, including interviews from industry conferences such as the most recent IHIF conference as well as specific Hospitality Channel shoots.

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